Ares Management, L.P. (ARES) PT Raised to $86 at BofA Securities
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Price: $136.85 +6.14%
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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BofA Securities analyst Craig Siegenthaler raised the price target on Ares Management, L.P. (NYSE: ARES) to $86.00 (from $81.00) while maintaining a Buy rating following CFO meeting
The analyst commented, "Following the meetings, we continue to view ARES as one of the two most defensive asset managers (2nd = OWL) while we also remain bullish on ARES’s long-term growth trajectory which is supported by the company’s 20%+ y/y earnings guidance through 2025."
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